Orderly Network has announced the launch of its staking and claims features for the $ORDER token, which is now live.
Web3 options trading platform Orderly is rolling out new staking and claims features for its $ORDER token.
Users can now stake $ORDER to earn 60% of Orderly’s net revenue and participate in the platform’s governance, according to an Aug. 25 statement.
The platform is also launching two trading competitions where participants stand to win from a total prize pool exceeding $200,000.
The competitions will be based on the initial mark price of $0.437 for $ORDER. The token will be listed on WOO X, where users can trade $ORDER in the spot market.
Meanwhile, a system upgrade is scheduled for Aug. 27, during which Orderly will experience downtime from 06:00 to 08:00 AM UTC.
This upgrade is part of ongoing efforts to enhance the platform's functionality and user experience.
Other platforms, such as VALR and PancakeSwap, are also integrating $ORDER, enabling users to trade futures and stake liquidity provider tokens for additional rewards, respectively.
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